Furniture & homewares retail
Formerly known as Steinhoff Asia Pacific, it changed its name to Greenlit Brands in 2018 while its parent company faced scrutiny for accounting irregularities. Operates 227 stores across Australia and New Zealand, and 5 factories across Australia, China and Vietnam. Sold its general merchandise division to Allegro Funds in 2019, including the Best & less, Harris Scarfe, Debenhams and Postie retail chains.
|Greenlit Brands Pty Ltd||AUS||website|
| Steinhoff International Holdings Ltd
owns 100% of Greenlit Brands Pty Ltd
Diversified manufacturer and marketer of furniture and other household goods whose operations cover Africa, Europe, India, and the Pacific Rim. Australian assets include Freedom furniture, Best & Less and Harris Scarfe. Purchased Pepkor Holdings in 2014 for $6.7 billion.
|Greenlit Brands Pty Ltd|
This company received a packaging performance level of 3 (Advanced) in its 2022 APCO Annual Report. Australian Packaging Covenant Organisation (APCO) is a not-for-profit organisation leading the development of a circular economy for packaging in Australia. Each year, APCO Members are required to submit an APCO Annual Report and Action Plan, which includes an overall performance level from 1 (Getting Started) to 5 (Beyond Best Practice).
Source: APCO (2023)
In 2020 this company paid penalties totalling $25,200 after the ACCC issued it with two infringement notices for alleged false or misleading representations to customers about their consumer guarantee rights.
Source: ACCC (2020)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2021)
|Steinhoff International Holdings Ltd|
In December 2017 Steinhoff went from having a market capitalisation of $US19 billion to $US1.9 billion in the space of a few days, after it was discovered that several years of audited accounts could not be trusted.
Source: news article (2018)
This company received a score of 11.4/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company has a number of corporate responsibility claims on its website.
Source: company website (2014)
This company faced criticism over it's 2014 purchase of Pepkor when directors bought shares without disclosing a deal was imminent. The company denies any wrongdoing.
Source: news article (2014)
|Revenue||1.5 billion AUD (2018)|
|Subsidiaries||Fantastic Holdings Ltd
Engages in the retail, manufacture and import of household furniture in Australia. Fantastic Furniture is the third largest retailer by sales value and Australia's largest vertically integrated furniture group. The company also operates two manufacturing divisions, Fantastic Lounge Factory and Royal Comfort Bedding, as well as over 110 stores. Acquired by Steinhoff in 2016.
|Address||Level 4, 1 Epping Rd, North Ryde, NSW, 2113, Australia|
|Phone||02 9882 9000|
Products / BrandsGreenlit Brands
Fantastic Furniture Homewares Stores
Freedom Homewares Stores